Last week, the bipartisan House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party made a recommendation to raise tariffs on China through a change in the U.S. tariff schedule. The political prospects for this proposal are unclear at this point, but if it were to happen, the new tariffs would almost certainty violate WTO rules, and could start a new round of tariff escalation and other trade retaliation between China and the U.S.